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MOL Pakistan as operator of Tal Block has signed a contract for the Manzalai Field Development Surface Facilities, worth 119 million USD With a consortium, PDIL, here the other day.

Mazalai field is located in Karak and Hangu Districts of NWFP. The target of the project is to produce 200 MMscfd natural gas and 4,000 BPD condensate as the second stage of the Manzalai Field Development. Together with the first stage the planned production from the Manzalai Gas field will be 250 MMscd and 4,500 BPD condensate.

MOL Pakistan is the operator of the block and JV partners include Pakistan Petroleum Limited (PPL), Oil & Gas Development Company (OGDCL), Pakistan Oilfields Limited (POL), and Government Holding of Pakistan (GHPL). PDIL, represents a consortium Presson Descon International (Pvt) Limited, Descon Engineering Limited, Enerflex Systems Limited. The valuable members of the consortium are assigned for project management, engineering, procurement, process engineering, fabrication and supply of process equipment, fabrication of equipment and site construction.

The total estimated duration of this 119mm$ project will be around 83 weeks and the operators are required to reach their target by June 27, 2009 including commissioning for first gas flows by April 16, 2009.

MOL Pakistan Oil & Gas Co. B.V. hereby announces a new discovery of oil & gas in TAL Block, located in the North West Frontier Province (NWFP) of Pakistan.

MOL Pakistan having a 10% Working Interest (Pre-Discovery) and as Operator of TAL Joint Venture (JV) is operating this Block since 1999 with other four (4) Pakistani companies i.e. OGDCL, PPL, POL and GHPL. The Pre-discovery Working Interest of the JV Companies is MOL (10%), OGDC (30%), PPL (30%), POL (25%) and GHPL (5%).

Following the completion of seismic acquisition and its interpretation resulting in an attractive geological prospect, the Joint Venture resolved to drill an exploratory well, Mamikhel-1 in fourth quarter 2006.

The well was successfully drilled down to planned TD. Based on the drilling, open-hole logs, MDT and DST results, hydrocarbon bearing formation Lockhart Limestone was tested in the depth range of 2878 – 2930m. The well produced 45.8 million standard cubic feet per day (MMscfd) gas and 2881 Stock Tank Barrels per day (STB/day) of condensate at 56/64”choke through flowing wellhead pressure of 3239 psig.

As a result of testing operations carried out so far at Mamikhel-1 well, the presence of significant quantities of oil and gas has been established in Lockhart formation. This is 3rd discovery of the consortium in Tal Block.

Following this discovery, the Joint Venture will be conducting further appraisal through Extended Well Testing (EWT) to evaluate the optimum producing rate, scale and economic viability of the reserves.

Government of NWFP (North West Frontier Province of Pakistan) and MOL Pakistan have entered into a land acquisition agreement for the Tal Block this Saturday.

In the first of its kind of development in the NWFP province this will be the first large scale compulsory land acquisition by the provincial government. After the acquisition, the land will be leased out to MOL Pakistan for thirty years. Most of the land will be used for laying a gathering system in the Tal Block that is a major natural gas discovery in the province.

The agreement to this effect was signed by the care taker Chief Minister NWFP Shams ul Mulk and Managing Director MOL Pakistan Mr. Janos Feher.

In his comments on the occasion the caretaker Chief Minister said that it was indeed a very positive development that foreign companies are reposing confidence in the province of NWFP for E&P activities and hoped that such investments will bring economic activity and prosperity in the province.

He also stressed the fact that Pakistan's energy needs were fast growing and rapid development of oil and gas projects would help sustain the growth momentum in the country. He hoped that the agreement signed between MOL Pakistan and the Government of NWFP will send the right signal across to other E&P companies that they were welcome here and the provincial government was ready to extend all kinds of support to facilitate their activities.

Mr. Janos Feher, Managing Director of MOL Pakistan, said that with the agreement taking effect, MOL Pakistan will be able to complete the development and production phase of Manzalai field nearly according to the schedule and will be able to provide 250 mmcfd natural gas and 4,000 barrels of condensate at the first quarter of the year 2009. "Once developed the field will help meet almost 100% of natural gas needs of NWFP province besides other parts of Northern Pakistan," he added.

Mr. Janos Feher said that contractual relationships have been already established for the central processing facility and gathering pipelines and the local contractors had started preliminary work. He thanked the NWFP government for its cooperation and assured the Chief Minister that MOL was fully committed to the social uplift of the communities where it works and had already completed many projects for the improvement of basic services infrastructure in the field area.